After Mattel Announced Another Factory Closure, What Lies Ahead for Its Earnings?
It could have been a complete coincidence that toymaker Mattel (NASDAQ: MAT) decided to announce the closure of a Canadian factory just three days before it releases a quarterly earnings report. Or perhaps it was strategic, getting the bad news out of the way so the company wouldn't have to dwell on it during Thursday's earnings report conference call.
Given industrywide headwinds, though, somehow it feels like the company is preparing to put the best possible spin on what's apt to be seen as bad news.
For investors' sake, I hope I'm wrong.
Source Fool.com
